All articles by Jennifer Paterson – Page 72
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Article
Interview with Lesley Williams, group pensions director at Whitbread
“I looked after and rode 10 dressage horses, in return for a pittance and the chance to learn at the home of modern dressage,” says Williams, who still competes in British dressage competitions at an advanced level.Back in 1987, she decided to return to the UK and took up an ...
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Analysis
Evacuation and repatriation cover for expatriates
IF YOU READ NOTHING ELSE READ THIS…Most international PMI schemes include standard evacuation and repatriation cover, but this can be extended.When determining the level of cover, employers should consider location and the availability of medical facilities.Employers would be wise to consult their insurance provider and keep detailed information on the ...
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Video
Tim Middleton: Governance challenges for a DC pension's default fund
Tim Middleton, technical consultant at the Pensions Management Institute, talks to Jennifer Paterson, senior reporter at Employee Benefits, about the governance issues to consider in relation to pension investment fund selection for defined contribution (DC) pension schemes.Contract-based and trust-based DC schemes have slightly different pressures, but both need to take ...
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Article
Employers must change attitude on ageing employees
This follows the report’s finding that 10.7 million people in the UK can currently expect inadequate income in retirement.The report also recommended that the government establish a commission to work with employers and financial services providers to improve pensions and savings.Jonathan Watts-Lay, director of Wealth at Work, said the government ...
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Analysis
Round-up of health and wellbeing research 2-12 to 2013
Employee Benefits has perused the past year’s health and wellbeing research to pull out the top issues that employers and employees are facing around workplace health.Mounting workplace stress, absence management and the affordability of healthcare benefits have been some of the biggest concerns in 2012 and early 2013.The Employee Benefits/Cigna ...
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Article
BHF launches walking challenge
The British Heart Foundation (BHF) has launched its Pedometer Challenge, a four-week team challenge that encourages employees to improve their physical and mental wellbeing.The Pedometer Challenge pack, which employers can order from the BHF, includes: a co-ordinator booklet, posters, editable desk drop letter and folder, editable weekly emails to send ...
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Article
Barclays awards senior staff with £40m in shares
Barclays Group has awarded nine of its senior managers with shares worth £40 million.According to the bank, the shares are provided in respect of long-term incentive plans (Ltips), which are currently held in an account on behalf of the individual, and to satisfy awards made under a range of share ...
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Article
Kudos launches flexible benefits platform
Employee benefits consultancy Kudos has launched a flexible benefits platform in response to the growing need for technology to assist employers to deliver benefits to staff.The platform, called Create, is a total reward and flexible benefits service, which is designed to assist organisations to create a suitable, cost-effective and engaging ...
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Article
Employee owners to receive tax breaks
Budget 2013: Following on from the introduction of a new employee ownership status in October 2012, Chancellor George Osborne has announced in the Budget 2013 that the first £2,000 of share value that any employee receives under the new status will be free from income tax and national insurance (NI) ...
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Article
Employee ownership sector to receive £50m boost
Budget 2013: The government has announced it will provide £50 million annually from 2014-2015 to incentivise the growth of the employee ownership sector.In its 2013 Budget, the government said this will be used to respond to recommendations from the Nuttall Review and other relevant organisations that aim to encourage employee ...
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Article
TPR tasked with new objective on DB pension funding
Budget 2013: The government has tasked The Pensions Regulator (TPR) with a new objective to support defined benefit (DB) pension scheme funding arrangements, which are compatible with sustainable growth for the employer and fully consistent with 2004 funding legislation.The precise wording of the new objective will be set out in ...
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Article
Government confirms state pension brought forward to 2016
Budget 2013: Chancellor George Osborne has confirmed that the government will bring forward its plans to introduce a new single-tier £144 per week state pension by one year.As Employee Benefits previously reported Osborne first announced the changes on 17 March on BBC’s Andrew Marr Show.The new state pension was originally ...
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Article
CBI appoints new president of its employers’ group
The Confederation of British Industry (CBI) has announced that Sir Mike Rake will succeed Sir Roger Carr as president in June 2013.Rake (pictured) is chairman of the BT Group and Easyjet, as well as deputy chairman of Barclays and a director at McGraw-Hill.His previous roles also include chairman of the ...
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Article
Live updates from the 2013 Budget
The Employee Benefits team will be reporting live on the Budget on 20 March.Stay tuned for all the updates on how it will impact benefits and reward.
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Article
Punter Southall acquires Enrich Reward
EXCLUSIVE: Punter Southall Health and Protection has acquired employee benefits consultancy Enrich Reward.The acquisition was completed on 18 March for 100% of the share value and an undisclosed sum.Combined with Enrich Reward, Punter Southall Health and Protection Consulting (PSHPC) will now advise more than 670 employers, representing more than £100 ...
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Article
HMRC to relax RTI payroll reporting for small employers
HM Revenue and Customs (HMRC) has relaxed real-time information (RTI) reporting arrangements for small employers.Employers with fewer than 50 employees will have until 5 October 2013, rather than 6 April 2013, to comply with the legislation.Until the revised date, these employers will be able to send information to HMRC by ...
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Article
Work is most stressful factor in people’s lives
Work is the most stressful factor in people’s lives, according to research by mental health charity Mind.The research, which surveyed more than 2,000 working adults, found that 34% of respondents said their work life was either very or quite stressful, more so than debt or financial problems (30%) or health ...
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Article
Single-tier state pension brought forward to 2016
The government is to bring forward its plans to introduce a new single-tier £144 per week state pension by one year.On the BBC’s Andrew Marr Show on 17 March, Chancellor George Osborne said the new state pension would be introduced in 2016 rather than 2017 as originally planned.He added: “People ...
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Article
Aviva achieves less than 1% auto-enrolment opt-outs
Aviva has seen 127 employees opt out of its pension scheme following its auto-enrolment staging date on 1 February.The provider already had 17,542 (99%) of its employees in a defined contribution (DC) money purchase trust-based scheme. An additional 332 were auto-enrolled on 1 February, 38% of whom chose to opt ...
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Article
Barclays Bank among employers awarded for payroll giving
Barclays Bank, Capital One and Hostelbookers.com are among the winners of workplace-giving organisation Pennies from Heaven’s annual awards.The awards celebrate employers that have demonstrated commendable commitment and generosity to charities through their payroll-giving schemes.Gold medals are awarded to employers which have more than 20% of staff participating in the scheme, ...